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UBS Global Oil and Gas Conference – Noble Energy, Inc.

Noble Energy, Inc. · May 10, 2013 · 33 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 1
    Dave Stover UBS Global Oil and Gas Conference President, COO May 2013
  2. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 2
    Noble Energy Unique. By Design. Positioned for a decade of growth Five Core Areas Delivering Outstanding Results Production expected to more than double by 2017 Proven reserves projected to increase 114% over 5 years Major…
  3. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 3
    Five-Year Growth Outlook 2012 to 2017 A superior long-term performance Transparent Growth Profile Debt-Adjusted Growth per Share* (CAGR) Contributions from All Operating Areas 24% Key Outcomes by 2017 21% 18% Production 540…
  4. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 4
    Net Risked Resources Strong foundation for current and future growth Exploration 3.7 BBoe Total Resources (BBoe) Eastern 18.8 DW Med. West GOM Africa U.S. Onshore New Ventures 9.9 Discovered Unbooked 5.1 BBoe DJ Basin…
  5. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 5
    Onshore Unconventional Developments Contributing impactful growth Accelerating Horizontal MBoe/d DJ Basin 200 Activity Levels Repeatable, low-risk investments Capturing economies of scale 100 20% CAGR Improving EURs and…
  6. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 6
    Major Deepwater Project Line-up 5 new sanctions in 2013 Deepwater *Gunflint tieback standalone GOM *Big Bend Tamar First Production April 2013 Mediterranean Eastern *Tamar Phase 2 *Leviathan Phase 1 Leviathan export…
  7. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 7
    Discretionary Cash Flow* Outlook Growing a billion dollars per year 2012 Eastern Other Med. B DJ Basin 8 West Africa 21% CAGR Marcellus 6 DW GOM 2017 4 Eastern Other Med. 2 DJ West Basin Africa 0 DW 2012 2013…
  8. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 8
    DJ Basin A premier oil play Compares Favorably to Other Plays Oil in place now estimated at 74 MMBoe per section Net Resources Now 2.1 BBoe 9,500 horizontal locations, 85% in oil window Hz EURs continue to improve averaging 335…
  9. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 9
    Accelerating DJ Basin Development Program Double activity in two years Horizontal Wells Dramatic Improvements in Wells Cum Wells Economic Value Over 2011 Plan 600 3,000 Production up 35% 450 Free cash flow up 900 MM 2,000 300 1,000…
  10. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 10
    DJ Basin 2013 Operations Focused on oil window with superior economics Accelerating Development Wyoming Nebraska 300 actual wells or 350 standardized on 4,500 ft. laterals 230,000 Net Acres Northern 300 MMBoe NRR Added ninth rig…
  11. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 11
    Northern Colorado Niobrara Leveraging expertise to unlock new opportunity Superior Economics in Wyoming Nebraska East Pony East Pony 45,000 net acres Producing 80% oil, 5% ngl Keota Plant Three Well 80-Acre Pilot Lilli Plant…
  12. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 12
    Extended-Reach Laterals 9,000 laterals have potential for 1 MMBoe EURs Four Wells Online and Performing Boe/d* Above Expected Type Curve 1,200 Two tracking a 1 MMBoe type curve Potential to lower F&D by 20% 1,000 800 600…
  13. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 13
    Optimizing DJ Basin Resource Recovery Continuously learning from pilot program Entire Niobrara / Codell Section Productive B Bench Wells Unaffected by Tighter Spacing Minimum 16-Well (40-acre) Development per Section Testing…
  14. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 14
    Marcellus Shale Significant scale and growth Large Acreage Position within Marcellus Fairway 50% of 628,000 gross JV acres 87% HBP allowing for development flexibility Average NRI of 88% Net Risked Resources now 10 Tcfe EUR…
  15. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 15
    Marcellus 2013 Operations Focusing near term in wet gas areas Increase Wet Gas Rig Count from Three to Six and Target 90 Wells PA OH Developing Majorsville while NBL Operated delineating new areas in W. Virginia 176,000 Gross…
  16. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 16
    Deepwater Gulf of Mexico Proven performance and impactful exploration portfolio Strategic Approach has Delivered Strong Cash Flow and Substantial Value Galapagos Project Continues to Perform Above Expectations 14.5 MBoe/d net…
  17. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 17
    Gunflint Appraisal and Development Commercial project established with first appraisal South Appraisal Well Drilling Tubular Bells Kodiak Devils Tower Key to determination of stand alone or subsea tieback development Existing…
  18. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 18
    Rio Grande Area Big Bend and Troubadour Significant oil potential and near-term impact Rio Grande Area Gross Resources NBL Operated P75 P25 (MMBoe) Big Bend (WI 54%) 30 65 Troubador (WI 87.5%) 20 60 Troubadour Total (WI 70%)…
  19. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 19
    Eastern Mediterranean Growing domestic demand driving near-term value Tamar Having Significant Impact for All Stakeholders Initiated gas sales April 2013 Natural Gas the Fuel of Choice for Israel Total demand grows at 15% CAGR…
  20. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 20
    Israel Natural Gas Demand Supports faster and earlier development of discovered resources Natural Gas is The Fuel of Choice Shift to base load with less swing Strong electricity and industrial demand Potential for converting…
  21. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 21
    Eastern Mediterranean Existing asset position Six Consecutive Discoveries Approximately 37 Tcf gross Tanin Karish resources 47% WI 47% WI 13 Tcf net, 2.2 Tcf net booked Tamar 36% WI reserves Cyprus Dalit Karish Exploration…
  22. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 22
    Tamar Project Long-term value for all stakeholders Tamar Online in April 2013 with Capacity of 1 Bcf/d Gas sales to average 700 MMcf/d after start-up Industry leading cycle time 2.5 years from sanction Initial Capacity Already…
  23. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 23
    Leviathan Development Field scale involves multiple development phases Resource Estimated at 18 Tcf Gross, 6 Tcf Net 5 Planning Flow back test confirms high quality reservoir 3 Drilled Phased Development 1 Drilled and…
  24. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 24
    West Africa High-impact core area Leading Operator in the Doula Basin Liquid Projects Producing 45 MBbl/d and Generating 1.2 Billion BT Annual Cash Flow* by 2014 Aseng and Alen Fields Provide Regional Infrastructure for Future…
  25. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 25
    Alen Project Bringing liquids to production Remains on Budget and Ahead of Schedule All wells, subsea and facilities complete Major hook-up and facility commission underway First Production Accelerated to 3Q 2013 Initial rate…
  26. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 26
    West Africa Next Developments Leveraging existing infrastructure Carla Equatorial Guinea Discovery below Alen field Alen Facilities Appraisal program underway Diega Carla 5 wellbores encountered oil and gas Diega Plan for 2014…
  27. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 27
    Global New Ventures Substantial worldwide resources exposure N.E. Nevada 350 M Gross Acres 1.3 BBoe Gross Resources NBL Operated 100% WI Sierra Leone 1.4 MM Gross Acres Eastern Med 1.3 MM Net Acres Deep Oil Potential NBL…
  28. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 28
    Elko County, N.E. Nevada Next growth possibility in U.S. Tight Oil Play with Core Area Scale Wilson Project 350,000 net acres 190 1,400 MMBoe (P75 P25) Great Basin gross unrisked resources 55% geologic chance of success Two 3D…
  29. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 29
    Nicaragua Carbonate and clastic plays 1.8 Million Acres in Two Lease Blocks NBL operates with 100% working interest Evaluating partner proposals Multiple Oil Prospects and Leads Identified on 3D Seismic Isabel 3,050 square…
  30. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 30
    Noble Energy Positioned for a decade of growth Diversified and Focused Asset Portfolio Offers stability and superior returns Sustainable Industry-leading Exploration Program Yields significant discovered resources Competitive…
  31. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 31
    32
  32. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 32
    Appendix
  33. UBS Global Oil and Gas Conference – Noble Energy, Inc. – slide 33
    Defined Terms and Price Assumptions Term Definition Debt Adjusted per Share Normalizes growth funded through debt by converting the change in debt into an equivalent Calculations amount of equity shares using an average stock price.…

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